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☆ Tesla earnings are coming up. Here's what traders are looking for in the report
▼ + stars: | 2024-04-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Tesla is due to report earnings after the bell Tuesday, with Wall Street looking for any sign of a reprieve from this year's struggles. Here's the company's setup heading into the report, what analysts expect and which product updates analysts and investors are going to focus on. Big earnings drop expected For the first quarter, analysts polled by LSEG expect Tesla to report earnings of 51 cents per share, which represents a 39.8% year-over-year decline in earnings. Wells Fargo's Colin Langan maintained his underweight rating and cut his price target to $120 a share, citing poor fundamentals. Deutsche Bank's Emmanuel Rosner downgraded the stock to hold from buy and slashed his price target to $123 a share.

Persons: Tesla, Tom Narayan, Itay Michaeli, Wells Fargo's Colin Langan, Deutsche Bank's Emmanuel Rosner, Rosner, Morgan Stanley's Adam Jonas, Jonas, Elon Musk, Musk, America's John Murphy, Murphy, Deutsche Bank's Rosner, Levy Organizations: Management, RBC, LSEG, Citi, Deutsche, EV, Reuters, America's, Barclays, Tesla

☆ Morgan Stanley's Adam Jonas says Tesla $100 bear case may be 'in play' now, but notable analyst still likes the stock long term
▼ + stars: | 2024-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

"We do not believe Tesla will get credit as an AI company as long as core auto earnings are being revised down," wrote widely-followed Tesla bull Adam Jonas. The $100 bear case suggests that Tesla could fall more than 40% from Wednesday's close. These issues could hamstring Tesla near term, but Jonas expects deliveries to find a bottom in the second quarter. In fact, he views Tesla as a combination of an auto, energy, AI and robotics stock, noting that its auto business represents only 20% of Morgan Stanley's $310 price target valuation. The $310 price target, down from a previous $320, suggests that Tesla stands to gain 84% from Wednesday's close over the next 12 months.

Persons: Tesla, Morgan Stanley, Adam Jonas, Jonas, Morgan Stanley's Organizations: Tesla Network Locations: Wednesday's, China

Other analysts saw upside for Coinbase and DoorDash along with Meta Platforms, as the social network builds advertising market share. The firm initiated coverage of DoorDash stock with a buy rating and a $165 per share price target. The analyst reiterated his overweight rating on Tesla stock but lowered his price target slightly to $310 per share from $320. The firm reiterated a buy rating on Meta stock and raised its price target to $585 per share from $550 on Thursday. Meta stock has surged more than 43% in 2024.

Persons: Morgan Stanley, Pamela Kaufman, Kaufman, — Jesse Pound, Mark Zgutowicz, — Brian Evans, Oliver Wintermantel, Wintermantel, Brian Evans, Morgan Stanley's Adam Jonas, Morgan Stanley's, Adam Jonas, Tesla's, Jonas, Tesla, — Brian Evans TSLA, Oppenheimer, Coinbase, Owen Lau, Jefferies, Brent Thill, outgrow Amazon's, Meta, Thill, Erika Najarian, Najarian, BofA's Organizations: CNBC, Jefferies, Bank of America, UBS, Big Four, Meta, Hershey, ISI, Tesla Network, 2Q, Amazon, UBS downgrades Bank of America Locations: Big Four U.S, Hershey, cryptocurrency, Wednesday's, 2H24

The EV maker got a price target cut from Citi, citing concern round the company's upcoming delivery numbers. Jonas has an overweight rating and $320 price target on shares, which suggests more than 85% upside potential for the shares. — Hakyung Kim 5:31 a.m.: Citi cuts Tesla price target Citi thinks there's not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers. As a result, the firm lowered its price target on shares to $196 from $224. He did, however, raise his price target to $62 from $56, with the new forecast calling for 9% upside.

Persons: Tesla, Wells Fargo, Morgan Stanley Morgan Stanley's Adam Jonas, Jonas, — Hakyung Kim, there's, Itay Michaeli, Michaeli, Hakyung Kim, David Konrad, Konrad, Fred Imbert Organizations: CNBC, Citi, KBW, EV Locations: Nevada, U.S, Tuesday's, Wells Fargo Wells Fargo, 1H25

☆ 10 things to watch in the stock market, including Eli Lilly, Amazon, Meta and Ford
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

BofA also raises red-hot server maker Super Micro Computer price target to $1,280 from $1,040. The Club stock took off in mid-February after the previous secondary. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Eli Lilly, BofA, ByteDance, Morgan Stanley's Adam Jonas, Jonas, Morgan Stanley, Tesla, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Investors, Bank of America, Electric, GE Healthcare, Club, Auto, General Motors, Ford, Citigroup, Constellation Brands, Citi, Nielsen, Corona, Modelo, Jim Cramer's Charitable, CNBC Locations: Pacifico, Cleveland

Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.

Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's

☆ Analysts baffled by Tesla not giving an outlook, can't think of another big company not to do so
▼ + stars: | 2024-01-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Barclays analyst Dan Levy, for example, lowered his target on Tesla shares to $225 from $250, saying that a "cloudy path ahead reinforces some downside risk." Guggenheim left a sell rating and $132 price target in place. "We expect consensus estimates to come down on what will likely be interpreted as a cautious outlook with reduced visibility," wrote Citi's Itay Michaeli. Michaeli lowered Citi's Tesla price target to $224 from $255 a share, implying about 8% upside from Wednesday's close. The bank remains on the sidelines with a neutral rating on Tesla shares, awaiting a "more convincing entry point," he wrote.

Persons: Tesla, Morgan Stanley's Adam Jonas, Joseph Spak, Dan Levy, Wells Fargo's Colin Langan, Emmanuel Rosner, Guggenheim, Ronald Jewsikow, Bernstein's Toni Sacconaghi, Itay, Goldman Sachs, Mark Delaney, — CNBC's Michael Bloom Organizations: Wall Street, UBS, Barclays, Deutsche Bank, EV Locations: Wednesday's

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ CNBC Daily Open: The Fed’s bringing cheer to markets
▼ + stars: | 2023-11-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. Bond reliefThe U.S. Treasury Department will auction next week $112 billion in debt in three parts: $48 billion in 3-year notes, $40 billion in 10-year notes and $24 billion in 30-year bonds.

Persons: Jerome Powell, Powell, —, Aston Martin, Nela Richardson, Steer, Morgan Stanley's Adam Jonas, Here's Organizations: CNBC, Federal Reserve, U.S . Treasury Department, Ford, GM Locations: U.S

☆ Morgan Stanley auto analyst Jonas says investors are ‘waking up’ to idea that Ford, GM are not a way to play EV boom
▼ + stars: | 2023-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

For years, investors have poured money into legacy automakers as a cheaper derivative play to Tesla and other high-flying electric vehicle stocks. But that may be the wrong strategy for those looking to participate in the highly anticipated EV boom, according to Morgan Stanley's Adam Jonas. "What investors seem to be waking up to today is the idea that the tens of billions of $ invested in EVs may be value destructive rather than value accretive." Month to date, GM has dropped about 15%, while Ford lost 21%. This, coupled with rising interest rates that threaten demand and average transaction prices, is enough to keep investors on edge, Jonas said.

Persons: Morgan Stanley's Adam Jonas, Ford, Jonas, Michael Bloom Organizations: Ford, General Motors, GM

☆ These Nasdaq stocks are already in a bear market, including Tesla and Airbnb
▼ + stars: | 2023-10-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

CNBC Pro recently screened for a list of these stocks, shown here: The list of names includes Tesla, which is down 29% from its 52-week high in July. Even Morgan Stanley's Adam Jonas, who has an outlier overweight position on the stock, trimmed his price target to $380 from $400. Another name on the list was Enphase Energy , which is down 72.2% from its 52-week high on Dec. 5. Dollar Tree is off 36% from its 52-week high in November 2022. The accompanying price target of $137 corresponds to a potential 26.5% upside from Wednesday's close.

Persons: Morgan Stanley's Adam Jonas, Bernstein's Toni Sacconaghi, Tesla, Justin Patterson, SolarEdge, Enphase, Goldman Sachs, Michael Bloom Organizations: Nasdaq, it's, CNBC Pro, Wall, KeyBanc Capital, Enphase Energy, Daiwa

☆ Tesla stock ends the week down 15%, the worst performance of the year
▼ + stars: | 2023-10-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Elon Musk, chief executive officer of SpaceX and Tesla, and owner of X. formerly known as Twitter. Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic issues on a third-quarter earnings call Wednesday. It marks the worst week for Tesla stock of the year, although shares of the electric automaker are still up 96% year-to-date. For the period ending Sept. 30, 2023, Tesla reported $23.35 billion in revenue and $1.85 billion in profits, a decline versus the prior quarter. His forecast still implies more than a 56% upside in a note out after the Q3 Tesla call.

Persons: Elon Musk, Tesla, Musk, Didi, it's, Vaibhav Taneja, We've, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Toni Sacconaghi, Bernstein Organizations: SpaceX, Tesla, CNBC Pro Locations: U.S, China

☆ The top 10 things to watch in the stock market Thursday
▼ + stars: | 2023-10-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jerome Powell's, Goldman, Morgan Stanley's Adam Jonas, we've, Morgan Stanley, Crag Jelinek, Ron Vachris, Oppenheimer, Says, downgrades, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Treasury, Netflix, Vegas, Wynn Resorts, WYNN, Disney, Entertainment, Sports, ESPN, Bloomberg, Devon Energy, Costco, Jefferies, Deutsche Bank, Starbucks, Jim Cramer's Charitable, CNBC, Reuters Locations: Macao, Singapore, Los Angeles , California

☆ Tesla story 'broken?' Analysts cut their price targets on the electric car maker after disappointing third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

TSLA 1D mountain Tesla shares Many analysts covering Tesla had already forecast margin pressures due to lagging sales and just reiterated their ratings on the company's shares following Wednesday's release. Goldman Sachs reduced its price target to $235 from $265, which implies 3.2% downside. He reiterated his underperform rating and $150 price target on shares, which implies 38% downside from Wednesday's close. The bank reiterated its neutral rating, while bringing down its price target to $255 from $271. Even Morgan Stanley's Adam Jonas trimmed his price target to $380 from $400, though the new forecast still implies more than 56% upside.

Persons: weren't, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Delaney, Toni Sacconaghi, Bernstein, Wells Fargo, Wells, Colin Langan, Langan, Musk's, Phillippe Houchois, Itay Michaeli, Michaeli, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Jefferies, Citi, U.S, EV, Tesla, Network Services, Mobility, Party, Energy, Insurance Locations: Mexico, Wells, Musk's Cybertruck

☆ What the UAW strike means for the big auto stocks, according to top analysts
▼ + stars: | 2023-09-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

"We think potential disruption from industrial action is likely to create buying opportunities in the D3 shares," the analyst said in a Friday note. "D3," or "the Detroit Three," refers to General Motors, Ford and Stellantis. It also marked the first time in history that the UAW launched strikes at all three of the big automakers simultaneously. Ford shares were flat. "Moving forward, we expect all three stocks to be sensitive to UAW newsflow especially as it relates to the potential duration of industrial action," Jonas said.

Persons: Morgan Stanley's Adam Jonas, Stellantis, Jonas, Itay Michaeli, Citi's Michaeli, Michaeli, Morgan Stanley, Michael Bloom, Mike Wayland, John Rosevear Organizations: United Auto Workers, General Motors, Ford, Detroit, Motors, Union, UAW, Citi, GM Locations: Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio

☆ A day after the big Tesla upgrade that moved the market, one analyst disagrees. Here's why
▼ + stars: | 2023-09-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Not all analysts on Wall Street are convinced Tesla 's in-house computer technology is enough to push shares higher. The analyst did not provide a forecast price target and said he now expects flat year-over-year automotive sales gross margin in 2024, minus vehicle credits and incentives. What underpinned the Morgan Stanley upgrade on Tesla was optimism toward the company's effort with Dojo, an in-house supercomputer that is meant to train autonomous driving software. Tesla has been on a price-cutting spree for much of 2023, with markdowns to both the Model 3 and Model Y . While the analyst remains "sympathetic" over the long term on Tesla, he said, "We think that there is too much near-term uncertainty post its repeated price cuts."

Persons: Tesla, Morgan Stanley's Adam Jonas, — Needham, Needham, Chris Pierce, Morgan Stanley, Pierce, markdowns, reboots, Michael Bloom

☆ 'Long path to profitability:' What analysts are saying about Rivian's second-quarter numbers
▼ + stars: | 2023-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

RIVN YTD mountain RIvian in 2023 But while analysts noted Rivian is on the right track, they still see headwinds that can keep the stock price at bay. However, his price target implies 3% downside from Tuesday's close. He raised his price target to $23 from $18, but that still implies downside of 7.3% over the next 12 months. JPMorgan's Ryan Brinkman is also neutral on Rivian stock, albeit with a $19 per share price target. The analyst reiterated a buy rating on Rivian stock with a $40 per share price target, equating to about 61% upside from Tuesday's close.

Persons: Rivian, Morgan Stanley's Adam Jonas, Jonas, Goldman Sachs, Mark Delaney, Delaney, JPMorgan's Ryan Brinkman, Brinkman, Bank of America's John Murphy, RIVN, Murphy, Michael Bloom Organizations: Bank of America's Locations: North America

☆ Here’s the trade on Rivian ahead of earnings, according to top analysts
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

After weaker-than-expected quarterly results from luxury electric vehicle maker Lucid , analysts are now turning their attention to rival Rivian . Analysts polled by FactSet are forecasting an adjusted loss of $1.43 per share on $1.1 billion in revenue. Still, analysts remain bullish on Rivian ahead of its earnings release. Meanwhile, Morgan Stanley's Adam Jonas reiterated an overweight rating on Rivian in a July 7 note, accompanied by a $24 per share price target. Elsewhere, DA Davidson's Michael Shlisky is neutral on Rivian after an upgrade from underperform July 5, with an $18 per share price target that equates to about 26% downside.

Persons: Rivian, Needham's Chris Pierce, Pierce, Morgan Stanley's Adam Jonas, Jonas, Vijay Rakesh, Rakesh, Michael Shlisky, Mercedes EQB, Shlisky, — CNBC's Michael Bloom Organizations: FactSet, Wall, EV, Mizuho Securities

☆ Analysts take Tesla results in stride, but margin concerns remain
▼ + stars: | 2023-07-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street is holding onto its outlook on Tesla after it delivered a solid earnings report that nevertheless showed weaker margins after the company's aggressive price cuts. The electric vehicle maker reported revenue of $24.93 billion, beating the consensus estimate of $24.47 billion, according to Refinitiv. "We believe this was a solid 2Q report with Tesla taking market share and slightly exceeding our automotive non-GAAP margin estimate (and beating in Energy/Services)," Delaney said Wednesday. "However, we believe there could continue to be margin headwinds in the intermediate term if Tesla lowers prices to support higher volumes." "Ultimately, the weaker gross margin highlighted the impact of TSLA's aggressive price cutting and, at 9.6%, its operating margin is now approaching the level of incumbent original equipment manufacturers (OEMs)," he added.

Persons: That's, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Tesla's, Delaney, Bank of America's John Murphy, Murphy, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom, Lora Kolodny Organizations: Wall Street, Tesla, Energy, Services, Bank of America's

☆ The one piece of news from Tesla’s earnings report that’s got analysts buzzing
▼ + stars: | 2023-07-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla 's plan to share its full self-driving capabilities with original equipment manufacturers has Wall Street analysts talking. TSLA 1D mountain Tesla shares fall after second-quarter earnings The comments from Musk came after Tesla topped second-quarter earnings expectations but showed margin weakness due to recent price cuts. Despite these near-term margin concerns , Morgan Stanley's Adam Jonas highlighted the FSD commentary as his biggest takeaway from the call. He did, however, stress some logistical concerns, including whether Tesla would need "greater involvement" in full software system of its peers. "A potential licensing of FSD would represent an important change of scope in how investors measure the TAM for Tesla."

Persons: Tesla, Elon Musk, we're, Musk, Morgan Stanley's Adam Jonas, Jonas, Goldman Sachs, Mark Delaney, Evercore ISI's Chris McNally, Canaccord, George Gianarikas, — CNBC's Michael Bloom Organizations: Wall, TAM, Tesla

☆ All this AI hype could be distracting us from serious economic threats in the US
▼ + stars: | 2023-06-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be highlighting the latest markets news in our daily flagship newsletter, Insider Today — be sure to sign up. The excitement around ChatGPT, AI, and related tech stocks is old news now, but Wall Street can't stop talking about it. Elon Musk, Nouriel Roubini, and a chorus of Wall Street firms have issued dire warnings. The country's slowing trade, weak industrial production numbers, and piling debt all ultimately present problems for Wall Street, which may be catching on to the risk. What do you see as the connection between economic troubles and AI hype?

Persons: Phil Rosen, —, It's, Pepper, Paco Freire, that's, Zahra Tayeb, Elon Musk, Roubini, Kelvin Wong, Angela Weiss, Wagner, Vladimir Putin, Gary Black's, Goldman Sachs, Morgan Stanley's Adam Jonas, Jason Ma, Jack Sommers Organizations: Getty, Nvidia, Federal, Street, Wall, Nasdaq, Carnival plc, Harvard, Elon Locations: New York, China, America, Los Angeles, London

☆ Rivian Automotive's results are encouraging, though concerns remain, analysts say
▼ + stars: | 2023-05-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Rivian Automotive 's stronger-than-expected results could mean "accelerating growth" from here, though concerns remain for the electric vehicle maker, according to some Wall Street analysts. He also kept a $40 price target, implying the stock can nearly quadruple, jumping 188% from Tuesday's close. Meanwhile, Morgan Stanley's Adam Jonas kept an overweight rating on the stock, with a $24 price target. He has a $14 price target on the stock. "Q1 showed q/q improvement in cost, but significant progress remains to reach their positive 2024 gross margin market," Langan wrote on Tuesday.

☆ Ford's first quarter sales increase 10.1% on improved F-Series truck production
▼ + stars: | 2023-04-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

REUTERS/Brendan McDermidDETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by jumps in its critical F-Series pickups and Bronco SUVs. Sales of Ford's trucks increased by nearly 20%, while car sales were up by 5.1% and SUVs increased by less than 1%. Ford reported sales of 170,377 F-Series pickups, up about 21% compared to a year earlier. Ford's sales increase comes as Wall Street analysts monitor rising vehicle inventories and incentives for the U.S. automotive industry following historically low levels of both during the past three years. Morgan Stanley estimates industry sales last month increased 8.7%, as automakers increase production levels following several years of significant supply chain problems.

☆ Top 10 things the Club is watching in the stock market Monday
▼ + stars: | 2023-03-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Morgan Stanley's Adam Jonas raises his price target on Ferrari (RACE) to $310 per share from $280. Pfizer (PFE) started with a neutral (hold) rating. Jefferies downgrades RH (RH), formerly known as Restoration Hardware, to hold, price target to $298 per share on concerns the luxury market is struggling to stabilize. Calls the chipmaker top cloud pick with a $275-per-share price target, ahead of multiple catalysts. General Electric (GE) coverage transferred at JPMorgan, which maintains neutral (hold) rating but increases price target to $88 per share.

☆ Top auto analyst Jonas stays bullish Tesla, says investor day showed competition can't keep up
▼ + stars: | 2023-03-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Morgan Stanley's Adam Jonas remains bullish on Tesla even as shares drop following the electric vehicle maker's latest investor day. Tesla shares dropped more than 5% in Thursday premarket trading after the electric car maker's investor day, which was long on vision but short on specifics on any new Tesla products. Regardless, Jonas reiterated an overweight rating on Tesla, saying the Elon Musk-led company will fend off competitors as a pricing war heats up in the electric vehicle sector. He said the vertical integration in Tesla's Austin facility allows Tesla to "iterate far faster and with less waste" than its peers. Tesla shares surged 64% in 2023, after falling 65% last year.

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